Security deposit vs non-refundable fee

[Cathy Leco]

I am considering going from charging a refundable security deposit vs non refundable fee ($40/booking).  If I go with the non refundable fee would I use a liability account?

[Luke Carl]

“Hey if you don’t break this it’s still $40” I don’t think that’s going to fly let alone I doubt there’s a systematic way to make it work. 

Just raise your nightly rate a bit. The more they pay the less problems you have!